10-K Filing

ADC Therapeutics SA CIK: 1771910 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001628280-24-010843`
Period End Date	20231231
Filing Date	20240313
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	adc-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 46 Cash Flow Statement 89 Stockholders Equity 41 Comprehensive Income 14

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Common shares, par value (in CHF per share)	`CommonStockParOrStatedValuePerShare`	0.08	CHF	Point-in-time
Common shares, par value (in CHF per share)	`CommonStockParOrStatedValuePerShare`	0.08	CHF	Point-in-time
Common shares issued (in shares)	`CommonStockSharesIssued`	89.04M	shares	Point-in-time
Common shares issued (in shares)	`CommonStockSharesIssued`	89.04M	shares	Point-in-time
Common shares outstanding (in shares)	`CommonStockSharesOutstanding`	82.29M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$278.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$326.44M	USD	Point-in-time
Common shares outstanding (in shares)	`CommonStockSharesOutstanding`	80.64M	shares	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$72.97M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$25.18M	USD	Point-in-time
Treasury shares (in shares)	`TreasuryStockCommonShares`	6.75M	shares	Point-in-time
Treasury shares (in shares)	`TreasuryStockCommonShares`	8.40M	shares	Point-in-time
Inventory	`InventoryNet`	$16.18M	USD	Point-in-time
Inventory	`InventoryNet`	$12.07M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$336.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$434.98M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.35M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.62M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$10.51M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$6.91M	USD	Point-in-time
Interest in joint venture	`EquityMethodInvestments`	$7.61M	USD	Point-in-time
Interest in joint venture	`EquityMethodInvestments`	$1.65M	USD	Point-in-time
Deferred taxes, net	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Deferred taxes, net	`DeferredIncomeTaxAssetsNet`	$37.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$902.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$711.00K	USD	Point-in-time
Total assets	`Assets`	$354.78M	USD	Point-in-time
Total assets	`Assets`	$490.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.35M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$68.49M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$50.63M	USD	Point-in-time
Operating lease liabilities, short-term	`OperatingLeaseLiabilityCurrent`	$1.10M	USD	Point-in-time
Operating lease liabilities, short-term	`OperatingLeaseLiabilityCurrent`	$1.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$67.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$81.94M	USD	Point-in-time
Deferred royalty obligation	`AccruedRoyaltiesNoncurrent`	$303.57M	USD	Point-in-time
Deferred royalty obligation	`AccruedRoyaltiesNoncurrent`	$212.35M	USD	Point-in-time
Senior secured term loans	`SecuredLongTermDebt`	$112.73M	USD	Point-in-time
Senior secured term loans	`SecuredLongTermDebt`	$109.71M	USD	Point-in-time
Operating lease liabilities, long-term	`OperatingLeaseLiabilityNoncurrent`	$6.56M	USD	Point-in-time
Operating lease liabilities, long-term	`OperatingLeaseLiabilityNoncurrent`	$10.18M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$838.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$411.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$503.03M	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, at CHF 0.08 par value	`CommonStockValue`	$7.31M	USD	Point-in-time
Common shares, at CHF 0.08 par value	`CommonStockValue`	$7.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.17B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.18B	USD	Point-in-time
Treasury shares	`TreasuryStockValue`	$541.00K	USD	Point-in-time
Treasury shares	`TreasuryStockValue`	$679.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.82M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-93.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.34B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.10B	USD	Point-in-time
Total shareholders (deficit) equity	`StockholdersEquity`	$-148.25M	USD	Point-in-time
Total shareholders (deficit) equity	`StockholdersEquity`	$154.03M	USD	Point-in-time
Total shareholders (deficit) equity	`StockholdersEquity`	$79.45M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$354.78M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$490.86M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Product revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$69.06M	USD	Annual
Product revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$74.91M	USD	Annual
License revenues and royalties	`RevenueNotFromContractWithCustomer`	$135.00M	USD	Annual
License revenues and royalties	`RevenueNotFromContractWithCustomer`	$498.00K	USD	Annual
Total revenue, net	`Revenues`	$209.91M	USD	Annual
Total revenue, net	`Revenues`	$69.56M	USD	Annual
Cost of product sales	`CostOfRevenue`	$3.30M	USD	Annual
Cost of product sales	`CostOfRevenue`	$2.53M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$127.13M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$186.46M	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$69.05M	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$57.46M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$48.42M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$74.44M	USD	Annual
Total operating expense	`CostsAndExpenses`	$235.54M	USD	Annual
Total operating expense	`CostsAndExpenses`	$333.25M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-123.34M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-165.99M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$2.57M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$10.54M	USD	Annual
Interest expense	`InterestExpense`	$46.33M	USD	Annual
Interest expense	`InterestExpense`	$36.73M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-42.11M	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$6.35M	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$52.80M	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-29.43M	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-23.47M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-195.42M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-146.82M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$227.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$39.11M	USD	Annual
Loss before equity in net losses of joint venture	`IncomeLossFromContinuingOperationsBeforeEquityMethodInvestments`	$-234.53M	USD	Annual
Loss before equity in net losses of joint venture	`IncomeLossFromContinuingOperationsBeforeEquityMethodInvestments`	$-147.04M	USD	Annual
Equity in net losses of joint venture	`IncomeLossFromEquityMethodInvestments`	$-10.08M	USD	Annual
Equity in net losses of joint venture	`IncomeLossFromEquityMethodInvestments`	$-5.53M	USD	Annual
Net loss	`NetIncomeLoss`	$-240.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-157.13M	USD	Annual
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-2.01	USD	Annual
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-2.94	USD	Annual
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.94	USD	Annual
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.01	USD	Annual
Weighted average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	81.71M	shares	Annual
Weighted average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	78.15M	shares	Annual
Weighted average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.71M	shares	Annual
Weighted average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.15M	shares	Annual

Cash Flow Statement 89 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-240.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-157.13M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-1.62M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$37.10M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$49.32M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$13.49M	USD	Annual
Accretion expense of deferred royalty obligation	`AmortizationOfAdvanceRoyalty`	$12.20M	USD	Annual
Accretion expense of deferred royalty obligation	`AmortizationOfAdvanceRoyalty`	$19.21M	USD	Annual
Cumulative catch-up adjustment, deferred royalty obligation	`DeferredRoyaltyObligationCumulativeCatchUpAdjustment`	$-4.97M	USD	Annual
Cumulative catch-up adjustment, deferred royalty obligation	`DeferredRoyaltyObligationCumulativeCatchUpAdjustment`	$-15.40M	USD	Annual
Write-downs of inventory	`InventoryWriteDown`	$1.61M	USD	Annual
Write-downs of inventory	`InventoryWriteDown`	$2.17M	USD	Annual
Depreciation	`Depreciation`	$1.19M	USD	Annual
Depreciation	`Depreciation`	$1.06M	USD	Annual
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$1.33M	USD	Annual
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$2.08M	USD	Annual
Equity in net losses of joint venture	`IncomeLossFromEquityMethodInvestments`	$-5.53M	USD	Annual
Equity in net losses of joint venture	`IncomeLossFromEquityMethodInvestments`	$-10.08M	USD	Annual
Convertible loans, derivatives, decrease in fair value	`UnrealizedGainLossOnDerivatives`	-	USD	Annual
Convertible loans, derivatives, decrease in fair value	`UnrealizedGainLossOnDerivatives`	$25.65M	USD	Annual
Change in defined benefit pension liabilities	`PensionExpenseReversalOfExpenseNoncash`	$-712.00K	USD	Annual
Change in defined benefit pension liabilities	`PensionExpenseReversalOfExpenseNoncash`	-	USD	Annual
Warrant obligations, decrease in fair value	`FairValueAdjustmentOfWarrants`	$-497.00K	USD	Annual
Warrant obligations, decrease in fair value	`FairValueAdjustmentOfWarrants`	$-11.50M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-42.11M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-91.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-52.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$42.75M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-47.79M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$5.71M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$9.65M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.29M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$11.46M	USD	Annual
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-200.00K	USD	Annual
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$210.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$3.17M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$310.00K	USD	Annual
Accrued expenses and other short-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$16.25M	USD	Annual
Accrued expenses and other short-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-14.14M	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-1.72M	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-1.20M	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$7.39M	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-118.69M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-138.31M	USD	Annual
Payment for purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.22M	USD	Annual
Payment for purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$687.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.22M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-687.00K	USD	Annual
Proceeds from deferred royalty transaction, net of transaction costs	`ProceedsFromRoyaltiesReceivedNetOfTransactionCosts`	-	USD	Annual
Proceeds from deferred royalty transaction, net of transaction costs	`ProceedsFromRoyaltiesReceivedNetOfTransactionCosts`	$73.10M	USD	Annual
Proceeds from share issuance under stock purchase plan	`ProceedsFromStockPlans`	$773.00K	USD	Annual
Proceeds from share issuance under stock purchase plan	`ProceedsFromStockPlans`	-	USD	Annual
Proceeds from senior secured term loans	`ProceedsFromIssuanceOfSecuredDebt`	$115.60M	USD	Annual
Proceeds from senior secured term loans	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	Annual
Payments of third-party transaction costs related to senior secured term loans	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payments of third-party transaction costs related to senior secured term loans	`PaymentsOfDebtIssuanceCosts`	$2.78M	USD	Annual
Proceeds from equity issuance, net of transaction costs	`ProceedsFromSaleOfTreasuryStock`	-	USD	Annual
Proceeds from equity issuance, net of transaction costs	`ProceedsFromSaleOfTreasuryStock`	$6.13M	USD	Annual
Convertible loans exchange	`RepaymentsOfConvertibleDebt`	-	USD	Annual
Convertible loans exchange	`RepaymentsOfConvertibleDebt`	$118.30M	USD	Annual
Payment of transaction costs for share capital increases	`PaymentsOfStockIssuanceCosts`	$221.00K	USD	Annual
Payment of transaction costs for share capital increases	`PaymentsOfStockIssuanceCosts`	$120.00K	USD	Point-in-time
Payment of transaction costs for share capital increases	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Taxes paid related to net settled equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.31M	USD	Annual
Taxes paid related to net settled equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$73.88M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-897.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-139.90M	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-48.03M	USD	Annual
Exchange gains/(losses) on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$184.00K	USD	Annual
Exchange gains/(losses) on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-208.00K	USD	Annual
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$466.54M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$278.60M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$326.44M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$278.60M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$326.44M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$466.54M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$10.18M	USD	Annual
Interest paid	`InterestPaidNet`	$15.39M	USD	Annual
Interest received	`ProceedsFromInterestReceived`	$9.72M	USD	Annual
Interest received	`ProceedsFromInterestReceived`	$1.95M	USD	Annual
Payments made under royalty financing transaction	`NoncashPaymentForRoyaltyFinancingTransaction`	$-8.71M	USD	Annual
Payments made under royalty financing transaction	`NoncashPaymentForRoyaltyFinancingTransaction`	$-11.00M	USD	Annual
Issuance of shares, Deerfield Exchange Agreement	`StockIssued1`	-	USD	Annual
Issuance of shares, Deerfield Exchange Agreement	`StockIssued1`	$19.83M	USD	Annual
Capital expenditures recorded in Accounts payable and Accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$65.00K	USD	Annual
Capital expenditures recorded in Accounts payable and Accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	Annual

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	82.29M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	80.64M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$-148.25M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$154.03M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$79.45M	USD	Point-in-time
Treasury stock, beginning balance (in shares)	`TreasuryStockCommonShares`	6.75M	shares	Point-in-time
Treasury stock, beginning balance (in shares)	`TreasuryStockCommonShares`	8.40M	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-240.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-157.13M	USD	Annual
Remeasurement of defined benefit plan	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-4.12M	USD	Annual
Remeasurement of defined benefit plan	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$1.85M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$376.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-539.00K	USD	Annual
Other comprehensive (loss) income before share of other comprehensive loss in joint venture	`OtherComprehensiveIncomeLossBeforeOCIEquityMethodInvestmentNetOfTaxPortionAttributableToParent`	$-1.48M	USD	Annual
Other comprehensive (loss) income before share of other comprehensive loss in joint venture	`OtherComprehensiveIncomeLossBeforeOCIEquityMethodInvestmentNetOfTaxPortionAttributableToParent`	$3.58M	USD	Annual
Share of other comprehensive loss in joint venture	`OciEquityMethodInvestmentAfterTaxParent`	$-438.00K	USD	Annual
Share of other comprehensive loss in joint venture	`OciEquityMethodInvestmentAfterTaxParent`	-	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.58M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.92M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-153.55M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-241.97M	USD	Annual
Issuance of shares, Deerfield exchange agreement, net of transaction costs (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	2.39M	shares	Point-in-time
Issuance of shares, Deerfield exchange agreement, net of transaction costs	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$19.83M	USD	Annual
Issuance of shares, Deerfield exchange agreement, net of transaction costs	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$19.60M	USD	Point-in-time
Issuance of shares, share purchase agreement net of transaction costs (in shares)	`StockIssuedDuringPeriodSharesTreasuryStockReissued`	733,568.00	shares	Point-in-time
Issuance of shares, share purchase agreement net of transaction costs	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$6.13M	USD	Annual
Vestings of RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Vestings of RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Issuance of shares, 2022 Employee Stock Purchase Plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$774.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.49M	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$49.32M	USD	Annual
Blue Owl and Owl Rock warrant obligations, net of transaction costs	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$3.71M	USD	Annual
Stockholders' equity, excluding OCI, increase (decrease)	`StockholdersEquityExcludingOCIPeriodIncreaseDecrease`	$14.27M	USD	Annual
Stockholders' equity, excluding OCI, increase (decrease)	`StockholdersEquityExcludingOCIPeriodIncreaseDecrease`	$78.98M	USD	Annual
Ending balance (in shares)	`CommonStockSharesOutstanding`	82.29M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	80.64M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$-148.25M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$154.03M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$79.45M	USD	Point-in-time
Treasury stock, ending balance (in shares)	`TreasuryStockCommonShares`	6.75M	shares	Point-in-time
Treasury stock, ending balance (in shares)	`TreasuryStockCommonShares`	8.40M	shares	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-240.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-157.13M	USD	Annual
Remeasurement of defined benefit plan	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$1.85M	USD	Annual
Remeasurement of defined benefit plan	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-4.12M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$376.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-539.00K	USD	Annual
Other comprehensive (loss) income before share of other comprehensive loss in joint venture	`OtherComprehensiveIncomeLossBeforeOCIEquityMethodInvestmentNetOfTaxPortionAttributableToParent`	$-1.48M	USD	Annual
Other comprehensive (loss) income before share of other comprehensive loss in joint venture	`OtherComprehensiveIncomeLossBeforeOCIEquityMethodInvestmentNetOfTaxPortionAttributableToParent`	$3.58M	USD	Annual
Share of other comprehensive loss in joint venture	`OciEquityMethodInvestmentAfterTaxParent`	$-438.00K	USD	Annual
Share of other comprehensive loss in joint venture	`OciEquityMethodInvestmentAfterTaxParent`	-	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.58M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.92M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-241.97M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-153.55M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.